Lotus to announce big title sponsorship deal 11 December, 2012 Dec.10 (GMM) F1 team Lotus is reportedly close to announcing a multi-million dollar title sponsorship deal with Honeywell, the American technology giant. “It is thought the framework of the agreement is in place and a formal announcement pending,” said Sportspro journalist David Cushnan on Monday. The news follows Lotus’ recent signing of a sponsor deal with Burn, the European energy drink label of the American beverage giant Coca-Cola. After a five year absence, the United States returned to the F1 calendar this year with a highly successful race on a bespoke circuit in Austin, Texas. Citing ‘informed insiders’, Cushnan said the Honeywell deal could be worth $30 million per year to Lotus. The Enstone based team’s driver Kimi Raikkonen finished the 2012 world championship in third place behind Sebastian Vettel and Fernando Alonso. Subbed by AJN. Tweet Related NewsCash strapped Lotus lose sponsor to WilliamsGrosjean handed 20-place grid penaltyOcon to drive Lotus in Abu Dhabi FP1Lotus confirm Grosjean for 2015 seasonOcon set for Lotus FP1 drive in Abu DhabiLotus use practice at Yas to test 2015 componentsMaldonado: Abu Dhabi to be one of the best races of the yearGrosjean: I’m after a positive end to a tough seasonGrosjean to stay with Lotus appears a done dealLotus hoping for Grosjean decision soon Bassie That would be enormous! 30ml deal, + coca cola on top of that.. that would make em a srious contender for racewins in 2013, and i think will also boost their possibilities to snatch the WCC in 2014.